By Susanna Moon
Chicago, June 27 – Icici Bank Ltd. notified the Bombay Stock Exchange that it plans to allot Rs. 21.47 billion of senior redeemable bonds in two tranches.
The bank issued 21,470 of the bonds at par by way of a private placement, according to the company notice.
The bank sold Rs. 4 billion of 7.42% notes due in seven years and Rs. 17.47 billion of 7.47% notes due in 10 years.
The issue was approved at a committee meeting held Tuesday.
Icici Bank is based in Mumbai.
| Issuer: | Icici Bank Ltd.
|
| Issue: | Senior redeemable bonds
|
| Amount: | Rs. 21.47 billion
|
| Price: | Par
|
| Allotment date: | June 27
|
| Ratings: | Care: AAA/stable
|
| ICRA: AAA/stable
|
|
|
| Seven-year notes
|
| Amount: | Rs. 4 billion
|
| Maturity: | Seven years
|
| Coupon: | 7.42%
|
|
|
| 10-year notes
|
| Amount: | Rs. 17.47 billion
|
| Maturity: | 10 years
|
| Coupon: | 7.47%
|
|
|
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